Carbon markets threatened if EU backload plan fails, CEPS says

Europe will struggle to convince the rest of the world that carbon trading is the best way to tackle climate change if a plan to revive the price of the region’s permits fails, said the Centre for European Policy Studies.
The European Commission’s proposal to fix a glut of carbon allowances by restricting issuance must be approved, or market- based systems won’t be attractive to United Nations negotiators working on a new global climate-protection pact, Andrei Marcu, a Brussels-based adviser at CEPS, said……………………………………….Full Article: Source